How Has the Industrial Power Supply Market Performed and What is its Future Outlook?
The industrial power supply market has shown robust growth in recent years. Rising from $9.29 billion in 2024 to $9.97 billion in 2025 at a compound annual growth rate (CAGR) of 7.3%, the market has witnessed significant progress attributable to factors such as market competitiveness, innovation, demand for uninterrupted power supply, electrification in industrial processes, and infrastructure development.
The market is forecasted to maintain its strong trajectory in the coming years. Expected to reach $13.65 billion by 2029 at a compound annual growth rate of 8.2%, the growth will be driven by industrial digitization, IoT adoption, renewable energy integration, a transition to electric vehicles, industry 4.0, and the expansion of data centers.
Get Your Free Sample of The Global Industrial Power Supply Market Report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=8599&type=sub
What Are the Key Drivers for the Industrial Power Supply Market?
The industrial power supply market is riding on the popularity of electric vehicles. As electric vehicles operate on motors powered by electricity stored in batteries, they necessitate various industrial power supply subsystems, such as AC/DC converters and battery management systems. This growing requirement has fueled the demand for and production of industrial power supply. For instance, the Global EV Outlook 2022 report published in May 2022 revealed that electric vehicle (EV) sales doubled in 2021, further adding to the rising demand for industrial power supply.
Which Are the Major Sectors in the Global Industrial Power Supply Market?
1) By Product Type: AC-DC Converters, DC-DC Converters
2) By Output Power: Very Low Output (up to 500 W), Low Output (500-1,000 W), Medium Output (1,000 W-10 kW), High Output (10-75 kW), Very High Output (75-150 kW)
3) By Vertical Type: Transportation, Semiconductor, Military and Aerospace, Robotics, Test and Measurement, Industrial 3-D Printing, Battery Charging and Test, Automotive, Energy, and Other Verticals
Order your report now for swift delivery @ https://www.thebusinessresearchcompany.com/report/industrial-power-supply-global-market-report
Who Are the Major Players Operating in the Industrial Power Supply Market?
Leading companies in the industrial power supply market include Siemens AG, Delta Electronics Inc., ABB Ltd., and Murata Manufacturing Co. Ltd among others. These players have been consistently contributing to the market through advancements in technology and strategic collaborations.
What Are the Emerging Trends that Are Influencing the Industrial Power Supply Market?
Integration of advanced technologies aimed at improving energy efficiency levels is a popular trend in the industrial power supply market. For instance, Toshiba Electronics Europe GmbH recently launched five 1200V silicon-carbide (SiC) MOSFETs in August 2022. These devices, built on third-generation SiC technology, enhance the energy efficiency levels of high-voltage industrial applications.
Which Region Dominates the Industrial Power Supply Market?
Asia-Pacific led the industrial power supply market in 2024. Other regions covered in the report include Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
What Does The Industrial Power Supply Market Report 2025 Offer?
Industrial power supply comprises systems and equipment entrusted with providing reliable electrical power to industrial machinery and processes. The routines such as manufacturing and automation are heavily dependent on stable energy delivery offered by these power supply systems.
“The Industrial Power Supply Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.”
Purchase the exclusive report now to unlock valuable market insights:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=8599
About The Business Research Company
Learn More About the Business Research Company. With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.
Our flagship product, the Global Market Model (GMM), is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
